The L1 Long Short Fund Limited delivered a 7.0% return in May 2026, outperforming the ASX200 Accumulation Index (ASX200AI) return of 1.1%. This performance pushes the hedge fund’s calendar year-to-date return to 13.4% and its trailing one-year return to 55.0%. Since its inception in 2014, the portfolio continues its track record as Australia’s top-performing long-short fund, averaging 20.5% per annum compared to 8.0% for the benchmark.
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The long/short fund was not the only fund having a strong year. The firm’s flagship hedge fund, L1 Capital Global Opportunities Fund, is up 2.1% for Q1 (later data is not available yet), and 17.7% over the past 12 months. The fund which is closed to new investors, has returned 26.8% annually since inception in June 2015.
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